First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Shares Shorted: Short Interest Down 48.9% in September

First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 37,623 shares, a drop of 48.9% from the August 31st total of 73,677 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,011 shares, the short-interest ratio is presently 3.8 days.

Hedge Funds Weigh In On First Trust Dow Jones Select MicroCap Index Fund

A number of hedge funds have recently added to or reduced their stakes in FDM. Fifth Third Bancorp acquired a new stake in First Trust Dow Jones Select MicroCap Index Fund in the first quarter valued at approximately $29,000. Independent Financial Group LLC bought a new stake in First Trust Dow Jones Select MicroCap Index Fund during the first quarter worth approximately $245,000. Whitaker Myers Wealth Managers LTD. grew its holdings in First Trust Dow Jones Select MicroCap Index Fund by 6.6% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 3,181 shares of the company’s stock valued at $296,000 after purchasing an additional 197 shares during the last quarter. Entelevest LLC acquired a new position in First Trust Dow Jones Select MicroCap Index Fund during the fourth quarter valued at approximately $274,000. Finally, Arkadios Wealth Advisors bought a new position in shares of First Trust Dow Jones Select MicroCap Index Fund in the first quarter valued at approximately $421,000.

First Trust Dow Jones Select MicroCap Index Fund Trading Up 0.3%

Shares of First Trust Dow Jones Select MicroCap Index Fund stock traded up $0.25 on Thursday, reaching $87.80. 5,830 shares of the company were exchanged, compared to its average volume of 9,158. First Trust Dow Jones Select MicroCap Index Fund has a fifty-two week low of $72.19 and a fifty-two week high of $95.71. The firm has a market capitalization of $259.01 million, a price-to-earnings ratio of 14.38 and a beta of 0.95. The stock has a fifty day moving average price of $92.18 and a 200-day moving average price of $89.05.

About First Trust Dow Jones Select MicroCap Index Fund

First Trust Dow Jones Select MicroCap Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index measures the performance of selected United States micro-capitalization companies chosen from all common stocks traded on the NYSE, NYSE Amex and The NASDAQ Stock Market, Inc that are comparatively liquid and have strong fundamentals relative to the micro-capitalization segment as a whole.